Real earnings have declined since 2009 and are at the same level as 2002.
The Bank of England is expected to downgrade its growth forecasts today while warning of more financial pain to come. As the graph shows, the growth trend in the UK economy has been downward since around the third quarter of 2010 – coincidentally, about the time George Osborne set out the coalition’s spending plans (20th [...]
Less than one in 100 of the coalitions infrastructure projects are finished, according to figures which will be put to the government by Labour tomorrow.
If the coalition is to meet its spending targets it will have to make further cuts to departmental budgets.
Shadow chancellor Ed Balls has followed Labour leader Ed Miliband’s lead, making fresh overtures to business secretary Vince Cable.
Britain’s urban youth have finally found a voice – in the form of award-winning rap artist Ben Drew, aka Plan B; Heather Spurr reviews his new film, iLL Manors.
George Osborne may have performed reverses on the “pasty tax” and “caravan tax” last night, but it’s on austerity the public really wants a U-turn.
IPPR chief economist Tony Dolphin presents the economic update for February 2012.
Those hoping for a change of course when the chancellor delivers his Autumn Statement will be disappointed, write IPPR’s Tony Dolphin and Adam Lent.